Bloomberg are up with a recap on Bank of Japan Governor Kuroda's comments today, which provide a useful recap of what we've seen today
Kuroda said he wasn't trying to influence the yen's exchange rate in remarks last week ... last week said in a parliamentary hearing that the yen was "unlikely to weaken further in real effective terms."
Today, he said that the real effective rate -- which is a measure of the yen's trade-weighted, inflation-adjusted value -- isn't an indicator of bilateral exchange rates. He also said Tuesday that he wasn't intending to say he's not seeking a weaker yen.
There is more at the ungated article
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The headlines from earlier are here, along with charts of the sharp movements:
- BOJ's Kuroda still at it: Never said I don't want yen to weaken on nominal basis
- BOJ Governor Kuroda ... Last week I didn't mean to predict future nominal FX rate
